Borgen v. Economy Preferred Insurance

Economy Preferred Insurance Company appeals from a summary judgment determining that plaintiffs' action is not time-barred by the limitation-of-action clause of its policy or by the statute of limitations, sec. 631.83(l)(a), Stats., applicable to actions under property damage indemnity insurance policies. Economy claims that the "date of loss" under its policy's limitation-of-action clause, and the "inception of the loss" under sec. 631.83(l)(a), is the date on which the loss occurs and not the date on which the loss is discovered or should have been discovered. We conclude that the…